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YES BANK TWO WHEELER LOAN

YES bank is one of the leading commercial banks that offers investment banking, corporate banking and personal banking services in India. This private sector bank was founded in 2004 by Rana Kapoor and Ashok Kapoor has its headquarter in Mumbai, India. It services a wide range of financial and banking products to retail and corporate customers. 

YES bank provides the Two Wheeler loan to the salaried and self-employed individuals. This bank has a hassle free procedure for loan application. Apart from that, it comes with an attractive interest rate. The minimum bike loan amount offered by YES bank starts from Rs. 1 lakh and it goes up to Rs. 25 lakh.

Benefits of Yes Bank Two Wheeler Loan

Getting a YES bank bike loan comes with following benefits:

  1. YES bank bike loan has a minimum documentation process.

  2. The interest rate for YES bank bike loan starts at 10% to 18% per annum. 

  3. It has an easy application and disbursement process.

  4. The YES bank bike loan amount starts at Rs. 1 lakh and goes up to Rs. 25 lakh.

  5. The repayment tenure period for bike loans is 5 years.

Eligibility Criteria for YES Bank Bike Loan

You need to fulfill certain eligibility criteria if you want to get a two wheeler loan from YES bank. There is a criteria designed by the bank on passing which you can successfully get a bike loan. 

Here are the checkpoints for eligibility that you need to ensure before you apply for YES bank Two wheeler loan:

  • You must be a salaried employee or a self-employed individual in order to get a YES bank bike loan.

  • Your age must be between 21 years to 65 years.

  • Your cibil score must be 700-800.

  • Your residential stability must be over 2 years. 

Documents Required for YES Bank Two Wheeler Loan

In order to avail a bike loan from YES bank, you must submit the documents required by the bank. On failing any required document, you can welcome the risk of rejection of your loan application. 

Here are the documents which you need to submit to the lender for a YES bank two-wheeler loan:

  1. Filled application form

  2. Proforma Invoice

  3. Passport-size photograph

  4. Identity Proof 

  • Salaried individuals: PAN card, voter’s ID, passport, driving license

  • Self employed individuals = PAN card, voter’s ID, passport, driving license

  1. Address Proof

  • Salaried individuals: Utility bills, passport, etc.

  • Self employed individuals: Utility bills, passport, etc.

  1. Income Proof

  • For salaried individuals: Salary slips, IT returns, bank statements

  • For self employed individuals: Bank statements, IT returns, audited financial statements

Compare other banks Bike Loan Interest Rates

BANKS 

INTEREST RATE 

AXIS Bank Super Bike Loan

9.15% to 15.90%

SBI Super Bike Loan 

Start at 10.65%

HDFC Bank Two Wheeler Loan 

Start at 11.83%

HDFC Bank Super Bike Loan

9.65% to 15%

YES Bank Bike Loan 

10% to 18%

ICICI Bank Two Wheeler Loan 

10% to 26%

IDBI Bank Two Wheeler Loan 

Start at 11.83%

Indusind Bank Two Wheeler Loan 

21% to 29%

Bank of Baroda Two Wheeler Loan 

Start at 11.50%

Bank of India Two Wheeler Loan 

7.75% to 8.35%

Punjab National Bank Two Wheeler Loan

Start at 10.70%

Other products of YES Bank 

1. YES Bank Car Loan 

2. YES Bank Business Loan 

3. YES Bank Home Loan 

4. YES Bank Loan Against Property

How to Apply for YES Bank Bike Loan

There are two ways to apply for YES Bank Bike Loan :

1. Offline Method : By visiting the nearest bank branch 

.2. Online Method 

  • Firstly visit lenders website or branch from which you want to get loan

  • Fill the application form and read all the term and conditions

  • Attach all required documents with an application form

  • After submitting form lenders will let you know that you eligible or not for the loan

YES Bank Bike Loan Customer Care

Contact number : 18001200 toll free number 

Email id : yestouch@yesbank.in

How to Calculate EMI of YES Bank Bike Loan

The following mathematical formula is used to calculate EMI for YES bank two wheeler loan:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Here,

  • P is the loan amount or principal, 
  • R stands for the interest rate per month 
  • N stands for the number of monthly installments

Financials products offered by Bank

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

YES Bank Bike Loan Frequently Asked Questions 

1. What is the minimum and maximum loan amount provided by YES Bank for bike loan?

The minimum amount for bike loan provided by YES bank is Rs.1 lakh and maximum loan amount is Rs.25 lakh.

2. How much interest rate is provided by YES Bank for bike loan?

The minimum interest rate provided by YES Bank for bike loan is 10% and maximum interest rate is 18%.

3. Is age an important factor to take a bike loan from YES Bank?

Yes, age plays an essential factor when it comes to taking a Bike loan from YES Bank. The minimum age of the customer for a bike loan is 21 years and maximum age of the customer is 65 years.

4. How can I contact YES Bank?

You can contact through customer care number and customer care email id for YES Bank.

5. How can I apply for bike loans at Yes Bank?

You can either apply offline by visiting the nearest bank branch or visit the bank website for a bike loan at YES Bank.

6. Which formula is used to calculate EMI of Yes bank bike loan?

The following mathematical formula is used to calculate EMI for YES bank two wheeler loan:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Here,

P is the loan amount or principal, 

R stands for the interest rate per month 

N stands for the number of monthly installments

Last Updated on : 02/Sep/2021

Know More About

Yes Bank Bike Loan

You're eligible for a Yes Bank Bike Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Two Wheeler Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Yes Bank Bike Loan Interest Rates

Updated on 25 Nov 2017

Yes Bank Bike Loan Details
Interest Rate (Monthly reducing balance) 10% - 18%
Processing Fees NA
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Two Wheeler Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959